Aberdeen waives management charge on St David's split cap

Professional Adviser
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The board of St David's split-cap investment trust has confirmed that Aberdeen Asset Management is t...

The board of St David's split-cap investment trust has confirmed that Aberdeen Asset Management is to waive its investment management fee. This is the second trust on which Aberdeen has agreed to a fee moratorium, the other being Aberdeen High Income. The moratorium on the St David's Investment Trust, which suspended its dividend last month, will last for a period of one year from 1 March 2002. Discussions with the trust's bank regarding a reduction in its overall debt of £84m are continuing, with a further statement on the level of debt to be made upon the conclusion of these talks. ...

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